Skip to main content

About your Search

Search Results 0 to 22 of about 23 (some duplicates have been removed)
will only function efficiently if participants believe all laws will be enforced consistently and v violators will be punished to the full extent of the law. there should not be one set of rules that applies to wall street and another set for the rest of us. the department of justice wrote to the senators and said no corporate entity, no matter how large, is immune from prosecutions. prosecutors must determine whether there would be disproportionate harm to investors, pension holders, customers and employees and others not personally culpable. i can tell you the two senators called the response from the department of justice aggressively invasive was the term. they don't like that the department of justice didn't reply to a number of their specific questions about how often this has happened. they say they are going to ask eric holder when he comes to capitol hill this week. >> according to news reports, senator jeff merkley of oregon is annoyed at the bank hsbc and says not only will they not bust the institution they won't bust the senior bank executives. is that true? >> there is
. in fact, it's the law. full-time workers in france are guaranteed at least five weeks vacation and a maximum 35-hour work week, with no paid overtime allowed. and not everyone is thrilled about working even 35 hours. >> the aim is to keep your job without working. >> welcome to 60 minutes on cnbc. i'm leslie stahl. in this episode, we'll examine our relationship with work. how much is too much, too little, and who should decide? but before we look at the hours we spend on the job, we'll look at how employers tried to influence the way their workers act off the job. as morley safer reported in 2005, that cigarette or drink at home, that political candidate you supported, even your eating habits are coming under the scrutiny of your employer. if your boss doesn't approve, it might even cost you your job. >> anita epolito and cara stiffler were considered model employees at weyco, an insurance consulting firm outside of lansing, michigan. anita, 14 years on the job, cara, five. they sat side by side, sharing workloads and after work the occasional cigarette. but at a company benef
the pay plan will be implemented into law. more details on our website on that, as well. >>> and president hugo chavez stems down and it could create volatility in global equity markets. is that the up or down side from current levels? for more. ross. >>. >>> and still to come on the show, the future of china's growth lies in the wallets of its consumers, according to our next guest. see you in a few moments. [ male announcer ] ah... retirement. sit back, relax, pull out the paper and what? another article that says investors could lose tens of thousands of dollars in hidden fees on their 401(k)s?! seriously? seriously. you don't believe it? search it. "401(k) hidden fees." then go to e-trade and roll over your old 401(k)s to a new e-trade retirement account. we have every type of retirement account. none of them charge annual fees and all of them offer low cost investments. why? because we're not your typical wall street firm that's why. so you keep more of your money. e-trade. leor us. more for you. . >>> welcome back to the program. china's we know jaw boy set out a program whi
come into law as soon as next year. carolin roth is in zurich. are the swiss shooting themselves in the head here? >> well, that's hard to say. a lot of people say it could impact switzerland's competitiveness negatively, though other experts have told me this morning that the fundamental res still in place because switzerland has a very low corporate tax rate, still has the right business environment. now, also, we're going to have to wait and see. to what extent these strict pay laws are actually going to be xwlekted because some people say they could be watered down quite significantly. but what it does ensure, of course, is this, you know, lower extent of short-termism in the swiss labor market. so it ensures that no corporate executive from overseas is coming to switzerland just to get that big signing bonus. but i just want to show you what the reaction has been in the newspapers. the french daily says this is a triumph. and you see his corner office as being smashed here. now, another paper says this is the historic coop. of course, they're referencing to the person who is
. we're going back to you at hq. >> thank you. attorney general eric holder, top law enforcement making a statement that has us scratching our head. eamon javers, live in washington. eamon? >> a surprise question with eric holder on whether some banks are what they call too big to jail. whether the size of financial institutions inhibits department of justice from going after them for fear of economic consequences. take a look what they said just in the hour. >> i'm concerned about the size of some of the institutions becomes so large that it does become difficult for us to prosecute them, when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy perhaps even the world economy. >> now, holder went on to tell senate judiciary committee that the size inhibit them to what they call resolutions. tyler and sue, i can tell you that there are senators on capitol hill, including chuck grassley, who are very upset by that. they say it is not the department of justice's job to take on economic conditions. t
will only function efficiently if participants believe laws will be enforced consistently and violators will be punished to the fullest extent of the law. there should not be one set of laws that apply to wall street and then for the rest of us. here's what the department of justice said. no corporate entity no matter how large is immune from prosecution. but also said prosecutors must determine whether there would be disproportion gnat harm to investors wsh pension holder, customers, employees and others who were not culpable. they did not like the response they got there. they called irt evasive. and said the department of justice didn't respond to a series of questions the senators asked about how often they've actually deferred prosecutions based on concerns about economic impact. >> thank you so much. reaction now from republican senator david vitter. >> yeah. he's been working with democratic senator sherrod brown on a bill to make sure the taxpayers never have to bail out the big banks again. that too big to fail issue. we'll get to that in a moment. first you just heard eamon's
it remains to be seen whether these laws will be implemented or whether they'll be watered down. back over to you. >> all right. thank you. so will capping compensation put companies at a disadvantage to their global counterparts? what happens and does it have an impact on the markets in the u.s.? tom coran thinks capping pay is absurd and anti-competitive. andrew stoldman says it's a great idea and we should do it here in the united states. good to talk with you, gentlemen. tom, why not rein in compensation for executives? we know a lot of people talk about them, attack the banking sector because of it. why are you against this? >> well, it's not a question of whether the pay is outsized. particularly as compared to mine. but the question is whether they are delivering value to the companies. and the best and the brightest do deliver value. they deliver value to the shareholders ultimately. and i think ultimately what you'll see is a talent drain. i think switzerland which benefits from companies moving there are going to see people moving elsewhere. i think you're going to see the shareh
and rewrite everything. >> of course the emergency management law we have in detroit is weaker than they tried to put in and got shot down last november. breaking the contracts and reorganizing it is part it. but what's the final goal? what's the best we can hope for. the governor almost presented it like we're going to see these great hey days in the detroit. what can these cities hope to have? the best they hope to have is what? a service society and compete with the places down south where it's warm? we're not going to be in those situations. at best, the best we can hope for is they get out of their debt. >> housing in detroit is dirt cheap. i'm quite serious about this for young people. you can buy homes, i've seen unbelievable stories you can buy homes and repair them dirt cheap. you have your natural gas revolution. detroit could become a techie city, even a techie manufacturing city. poits. cleveland -- look cleveland had a come back. >> you got to come to detroit. i'll show you what it's like. you can get those house dirt cheap but what you're buying is dirt cheap houses. t
with the law. >> that's why you need a law not a statement from the attorney general. that does nothing. it accomplishes absolutely nothing. republicans are going to hold up the business of the united states senate on that and then go ahead and do it because eric holder issues a two sentence statement. >> larry, i have to say if we have a member of congress who says he trusts the government to act responsibly i'm going to reach over to him. it's not true. >> it drives me a little too distraction. if this were 2007, 2008, when the left was absolutely apopletic at the previous president. this president is i'm going to close guantanamo bay, oil stop -- >> we have a president now that may be engaging -- >> these are good points. this is for another segment. i do respect senator rand paul for his promodification liberty. i just think we kind of know would know if they are enemy combatants. >>> now we're going to go to the energy boom in america. it's for real. getting bigger by the day and now a major decision by the nation's freight train locomotive makers could be another game changer. fre
're required to do by law now plus ongoing health care costs. you combine that plus the infrastructure changes we're making and we will be back on financial footing. >> is there an argument, a number of industries come out and said, look, this will hurt business, this will hurt the economy and hurt delivery by not having it on saturday. have you heard any compelling argume argument? >> we make this move. as part of that, we heard a lot from customers. the main thing we heard was this. deliver my packages on saturday. people want medicine, they want what they buy from ebay and amazon and their packages. we're proposing keep the post offices open, mailbox, put po box, you'll get your mail. we'll deliver packages and our network will run. anything in the system will run. what we'll eliminate is delivery. it will save us $2 billion and customers have said we're fine with that. we had sur swra veys done after 80% said we're fine for that. and when the choice is cut saturday delivery or ask for a tax bailout, it goes up to 90%. >> is there anything in washington to help you raise revenue in other wa
's law. they got you good, steve. >> yeah, they did. we're all laughing about it, aren't we. >> it's okay. it's just an international audience of viewers, millions around the world. let's get the road map for the next hour. dow hitting an all-time high for the next session. are new buyers really jumping in? when will the cyclicals start playing? top strategists on how to play the big bull run. >>> two firms citing growing concern over the retailer's so-called turn-around plan. is it too little too late at this point. >>> jefferies says best buy is a good buy here. we've got the analysts behind that call. >>> an exclusive interview with bp's ceo bob dudley. what does he think is next for the oil markets. >>> a new record here for the dow as we mentioned. records keep coming. importantly in today's session, new high in the transports being confirmed also by the dow. so a buy signal. let's bring in doug ramsey, director of research. art, i will start off with you. a lot of people might have missed this rally. what do you tell them? does it keep going? >> i think it does keep going. if histor
start looking at our tax laws. under clinton, the last time we had a balanced budget and had surpluses, that was the tax rate that was in place at that time. why can't we go back to that? on the other hand, for a more aggressive and progressive, if we were able to reduce it, get rid of some loopholes and off set credits where the tax cut has grown so inefficiently. you've talked about corporate. corporate individual. >> let me go back to this. politics. president wants to blame republicans for every bad thing, even as he puts it, this is class warfare. republicans want to hang on to $800 billion for tax cuts and that's blocking any grand design deal. your thoughts? >> he's missing the point. we worry about what racing taxes on what group of americans does. it affects everyone. you raise tax rates on the rich and it will hurt the poor. you have four merngs who work for richer americans. when you raise taxes on them, everyone else pays for it. it's that simple. so he's got it backwards. it's not that we're worried about the poor americans. >> larry, i think the facts show that wall stree
building. but this company is expanding reach to include drones for fire prevention, law enforcement, news, weather. i always rely on fundamentals but this stock feels like a stealth opportunity. so, cramer, do i buy more, glide or push the ejection button? >> listen, sunshine, the ejection button is perfect. you might as well be sitting next to bond in gold finger. i don't want you anywhere near the stock. when they disappoint this bad, it's often the beginning, not the end. do not touch avav. nice bench of guys. let's go to jude in my homestand new jersey. jude! >> thank you for all the money you helped me make. how positive on the colgate split? >> we don't care about the splits. there are some investors you are care tremendously about a split. when i saw chavez die in venezuela and colgate has huge exposure in venezuela, i fear know devaluation and the stock went up again, maybe colgate is, alas, board proof. they are the war yeshs the generals that are leading this market and this time they're the most rock solid companies. this isn't some sort of buck privates leading us into battle.
it makes sense to go buy a house and not rent. you might want to move out of your mother-in-law's place. you might want to do these things. >> you might. you might. >> it does happen. >> goldman, lessen, about 10%. >> that's called return on equity. >> yes. it is. that's an important barometer of progress. >> i believe other than the fact that lloyd's got the beard, which -- >> he got rid of it. >> did he? he didn't have it at the super bowl. but you get m & a, you get agency business. i mean, they put up their own capital. that's a good business, too. i like this hoop so much. >> as you can see, cramer is on the job ready to help you make some money. you'll hear him next in the "mad dash." the jobs number up 236,000, gives us a boost. the jobless rate 7.7%, the lowest since december of 2008. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelit
.com we put the law on your side. [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> there's a live shot of the white house here as we're awaiting the president's remarks on key personnel changes to his cabinet. nominating two omb, sylvia mathews burwell. she's worked for the gates foundation, walmart foundation, then secretary treasure ruben, under clinton. i'm not sure anything, though, prepares you for running omb itself. >> no, and certainly not at this extraordinary time of standoffs that have been persisting for two years. the sequester process that nobody wanted to happen. it's now
. at we put the law on your side. . >>> i'm jim cramer. welcome to my world. >> you need to get in the game. >> he's nuts! they are nuts! . they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to kram america. my job is not just to entertain you but to educate and teach you what to do in this wild and positive market. call me. 1-800-743-cnbc. bus warren buffett have to come to your house and lay out the game plan of stocks to buy in order for you to get into this stock market? is that what has to happen to move this market to all-time highs? something it failed to do today? s&p climbed and nasdaq advanced. perhaps without you? think about it. here's the world's greatest investor, certainly more than government bonds and can be barely heard about chinese real estate and of course the sequester. no matter. buffett tells you not to focus on those things but the businesses themselves. like we say all the time, he doesn't want to sidetrack, off track, looking at the fu
broke the law is going to hurt the world economy. i don't get that. >> the keynote everyone brings up is of arthur anderson. if you bring charges against a firm, does it damage the firm and if the firm is so big that it collapses and impacts the global economy, is that something the justice department should consider even if they think there's illegality there. >> all right. eamon. thanks so much. eamon javers. of course, many blamed the banks for the great recession, something we came out much sooner than expected or do we. joining me right now to talk about that is my guest, the economist from the economic cycle at research institution and says we're actually in a recession right now, about the same we had after the crisis but a recession nonetheless. he's here to make the case. >> thank you. >> let's first talk about the economy. you say we're in a recession. >> yes. >> how so. we saw growth last career in gd? >> did we. >> it was up 0.1%. >> you're right. >> it was anemic. >> just to be clear. at the end in late 2011 we said that we thought we'd in a recession by the middle of 201
. at we put the law on your side. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. out on a limb
minutes. protect your family... and launch your dreams. at we put the law on your side. >>> time for the power rundown. michelle ka with us. >>> mortgage rates for second home buyers is there a real estate bubble for china and should we be concerned if there is? >> of course there is a real estate bubble if china. it is enormous. the question is whether it will burst or deflate and what the political impact will be. it could be very concerning to us if it results in political instability. there is a lot of talk that a lot of the people made money on china real estate bubble are the well-connected people to the communist party. if that's true, it could cause outrage and instability in the region. >> 10% of china's gdp is driven by the property sector. that affects overall chinese gdp. second largest in the world. >> and we know the wealth effect that happens when real estate goes down as it did in this country. >> there are those who say, this had to happen. when you see the empty miles in cities -- >> you sure do. >> the buildings there are see-through building. switzer
, and you don't have a law degree? >> yes, i do. >> you do have a law degree. i could take either case, i think. i could see how both sides want so badly to prevail. and that contract better be written in a way that settles this, i would think. >> martha stewart makes a very compelling case. >> if i were terry lundgren, and that brings people into the store, even though it's not the most glamorous stuff, i would want that just in my -- i can see both sides. i can see ron johnson wanting it, too. >> i met terry lundgren through martha stewart. they were very good friends. it was an important line for macy's. it is really the guts of their houseware. i think that they could make a very strong case. i just keep thinking, wow, if fernado is bailing from $10 million jcpenney, what's going to save ron johnson. what. >> maybe -- >> i mean, this is the guy who -- they're in the malls. >> the little pins, jim. they're really cool. you get a discount. remember those? >> yes, i do. >> we should have known something -- maybe that was -- >> but look, we have qualcomm doing better. i listened to stan d
't becoming more productive? >> i think a lot of it's to do with old union labor laws that exist within spain. a lot of the staff in iberia are extremely well paid. and they have been very well treated over the years. they haven't recognized the fact that if you've got 25% unemployment in the economy, you're going to have to share in the pain if you want to establish an effective productive airline. >> right. >> the bank of england giving testimony on the financial policy committee and on banking standards. we're monitoring that session. it's come out saying banks are too big to fail. the single biggest issue for supervisors, and the financial policy committee would like to have greater powers, as well, on controlling leverage. we'll keep our eyes on that. let's get back and talk about away from iag, easy jet entering the ftse 100. pretty strong load numbers yesterday, as well. it was in line with expectations. look, how -- how much further can they if? as they go to the ftse, i mean, how much is a business operation? >> they've been a successful maturing business. the reality is the legacy a
Search Results 0 to 22 of about 23 (some duplicates have been removed)